NEWS

The United Nations Framework Convention on Climate Change in Glasgow (COP26) brought renewed attention to fighting deforestation and forest degradation. The U.S. and China promised to "engage collaboratively in support of eliminating global illegal deforestation through effectively enforcing their laws on banning illegal imports."

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The House infrastructure bill passed the first week in November quadruples funding for reforestation projects in national forests. In addition, the bill includes a system for subsidizing sawmills near forest rehab sites and helping manufacturers reduce waste and pollution as well as several provisions related to trucking.

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The U.S. government has announced that the final combined anti-dumping and countervailing duty rate for most Canadian softwood producers is 17.9%.

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Global News: Canada disappointed with U.S. final softwood lumber duty rate, says trade minister

In Q3, the average global shipment required 12 additional days to complete, 23% longer than last year. The most significant delays were between booking and arrival to the gate at the port, which took 43% longer, and ocean transit time, which took 36% longer.

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Timberbiz: Global shipment takes 23% longer now

The European Commission has approved permanent import duties on birch plywood from Russia. This action will force Russian producers to pursue other markets.

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Timber Industry News: The European Union has introduced permanent anti-dumping measures against Russian plywood